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Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 10, 2004 - 1:30 am
Try the PMT function in Excel.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 10, 2004 - 1:28 am
I don’t know Dan,
But I’m about to start looking for investors for a second oil company I’m setting up (first one was Merlin Petroleum – http://www.merlinpetroleum.com.au , now taking subscriptions for listing).
Sometimes defining what is an advertisement, what is an opportunity & what is someone talking about their experiences can be hard to judge.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 9, 2004 - 11:39 pm
As an example of an underperforming asset, we’ve just sold one property that to our way of thinking hasn’t performed.
It has averaged 16% CG per annum over the last four years & positively geared the entire way (we did put 20% down). It is dual zoned for commercial use as well as residential, 20 seconds from the local shops & playground and only four years old (bought new).
Why sell it?
It’s the worst performer in our portfolio.
It has a high tenant turnover (average 8 months) – telling us the location isn’t great (partially because the shop bins are only a few metres away & the’re a lot of traffic with cars visiting the shops).
The CG while positive is unlikely to continue through the slow times over the next five years (I expect it will go backwards). It also has the lowest CG of any properties in our portfolio over a four year timeframe.
It’s a medium density townhouse with strata (strata can become an issue – nice to avoid) & in an area where there’s the potential for increasing medium density housing to be built – in fact many newer places are already coming onto the market.
Finally (and most importantly) we can make a higher return with the cash elsewhere.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 9, 2004 - 11:29 pm
Ditto once a strategy gets into popular circulation via a book & media publicity it’s close to too late
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 9, 2004 - 1:04 pm
I’ve used incorporator several times (including this week as a matter of fact) and find it a very easy system & well explained.
There’s not much that an accountant can explain that you cannot learn online.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 8, 2004 - 1:46 pm
Originally posted by MiniMogul:
Oh and a final irony. If the title of this thread had been ‘there’s better investments now than Australian property’ I would have written ‘yeah – NZ property!’ and maybe left it at that. The whole property vs shares thing I think is a red herring, because most people I think would be talking about ‘AUSTRALIAN property investing’ vs shares.
Do you think that is a fair assumption?
Hey Mini – yes, but not in the way you meant….
Where did I mention SHARES in the subject – or in my first post of the thread
Shares are not the only alternate investment to property – they simply have the highest profile!
So the red herring is in how far people look for an alternative investment vehicle.
Think outside the square.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 8, 2004 - 1:42 pm
Setmefree – something for you to think about.
Is it easier to stand up against a profession that has it’s ethics consistently questioned and is generally regarded one of the least trustworthy professions in the country?
Ot is it harder to stand-up against an establishment that is well-trusted but is rife with hidden corruption?
I think Jenman doesn’t require as much courage to speak out against corrupt Real Estate agents as people who whistleblow in the public service & in large corporations do!!!!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 8, 2004 - 1:33 pm
I’d call this a high risk strategy.
What’s your risk-tolerance?
Also get a second & third opinion on the legalities – you don’t want to cross a line somewhere….
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 7, 2004 - 2:56 pm
Wayne,
Interesting stuff. I’ve read about the inter-bank loans issues previously & agree it’s an area of concern.
On balance the US government has an interest in maintaining stability & will step in as it has done to resolve this type of issue.
As it also did with airlines after 9/11 to prevent many of them collapsing.
The world has experienced one Great Depression – and NO-ONE wants a repeat performance.
Most major governments around the world are willing and able to take an active hand as required to prevent a recurrence.
At the end of the day, if governments don’t step in to prop up their economies, currency becomes worthless anyway…and as to the value of gold & silver – well I don’t accept that the price will remain high. Destroy the economy & market & the most valuable resources will be water, food & energy – in that order, followed by skilled labour.
So my opinion is, if you fear an imminent collapse of the global economic system, don’t bother hoarding gold, silver & currency as recommended in the article – learn a vital low-tech skill & ensure your access to water & food.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 7, 2004 - 2:37 pm
Hey Conan,
Still waiting for a reply from you on the criteria you use & what you mean by short-term.
I see a few deals every week as I said.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 6, 2004 - 4:54 am
James,
Trusts provide more security than companies
Look beyond ‘limited liability’.
And consider using a corporate trustee in any event.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 6, 2004 - 4:53 am
Honesty is the best policy.
Being ‘nice’ primarily means to me saying what people want to hear.
What people want to hear isn’t necessarily what they need to hear.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
August 6, 2004 - 4:51 am
manofaction,
Speak to the Vendor Finance Association.
Or visit Somersoft, there are several experienced L/O people over there.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 11:50 pm
I’m a little disappointed that the ATO still regards politicians and journalists as unqualified to offer financial advice. And what about the ‘disgraced property gurus’ category – surely they should be worth listening to.[biggrin]
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 11:46 pm
The only thing that worries me about this thread is that it is people who do are uninformed who are being negative about shares.
DO SOME RESEARCH!!!!!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 3:04 pm
I suggest you read up on the topic. Jan Somer’s books are a good place to start. Steve’s first book is pretty good & reading one of Robert Kiyosaki’s books is worth doing (only one, they mostly say the same stuff).
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 3:01 pm
Jay,
If your strategy is getting you where you want to go at the speed you want – why change it?
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 10:51 am
James,
I suggest you extensively research Trusts before forming a company for buying property.
A company is not generally regarded as the best vehicle for property investing – even if your focus is on less than 12 months turnaround on property.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 10:46 am
We keep our tenants honest by treating them honestly.
Expect the worst of people & that’s what you get!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 5, 2004 - 4:50 am
I always though it referred to a mate of mine called Garry who used to be a little challenged in the height department but immensely strong.
Some people reckoned he worked out to compensate – but not where he could hear.
So for the local rugby games he used to carry around a milk crate.
His practice was to grab a decent position and when the game started he’d climb on the crate to see. Of course this always annoyed the people behind him who’d picked their spot because he was..er..shortish.
But if they challenged him for using the crate he was quite willing and able to pick up the offender and toss them out of the way.
Over time Gaz became quite well known for this practice, and regulars used to warn off newer spectators who would seek to take advantage of his short (but impressive) stature.
The regulars used to warn the newbies, “Watch out for Gaz’s hump”, referring to his milk crate.
Over the years this has been shortened into “Gaz’ump”.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut